New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-21
MEN WHO MAKE THEIR WAY.
CHAT WITH THEM AND ABOUT THEIR
DOINGS.

DOlNGS.
There has been less gossip for months about
the possibility that Jay Gould and John W. Msckay
may come together in a cable compromise sombna-
ton. 1t I'D before Mr.. Maokay went to Europe
that he had enjoyed tho hospitality OF Mr.. Goulds
yacht The story gained wide credence and not
denisd. One OF Mr. Mackays intmates is Colonel
Tom .Ochltree. The Colonel said Yesterday: alt is
the curious things in all this talk about Gould
and Mackay that the two men have met. II Is
even doubtful If they know each other By sight ex
ceit from the resemblance they bear to cartoon repre-
sentatons."
The Penns ylvaua rosd has been pursuing n policy
with Preference to its roadbed which the managers OF
other trunk lines watching with wary eyes. The
tansng OF the road with rock has been going tor
years. Within CON paratiyclY short time under the
direction of President Roberts the have been
gradually disappearing wherever lt was possible to
make q straight track. In some instances the eDgi-
neering fcats Tor the accomplishment OF this straight
ening have been stupendous The object has been to
shorten the line and this extent the dis
adv anage under which the road abors in the matter
OF heavy grades President Roberts is quoted say
ing that when the taken cut to the tnll
extent OF his plans he would be able to make some OF
the other trunk lines feel the Pennsylvania power in
the mster of passenger traffic as IL has never yet been
iet.
1t is admitted by all railroad that stone is
the ballast for tracks. Mr.. Toucey, OF the New
York Central. is of the conservative railroad men
who holds that gravel is the best material Tor that
When the magnificent road6ed OF the Pennsy lyana
read is cited an example OF stone ballasting his
reply is that tho Pennsylvania people could not get
gravel and therefore obliged to use stone. The
younger ia the railroad business, however, re-
gard stone rs superior to gravel
The subject OF railroad construction brings up
chat had with Colonel H. C.. Stsnwcod the treasurer
OF tho Cincinnati and Northwestern Railroad. His
line is now undergoing reconstruction. Speaking
about the laying of track he said ave have found
the price of steel rails very low ths You
get them low 37 % per ton for cash. II is I'M
po-sbs get English rails tor less than Si2 10 i3
ton The duty and ire:ghs eat mp some $40 of this
amount leaving the profit TO the rail makers on the
other side fraction. even 81 the low rate OF
wages over there. There one thing however, in
,rIch VIC could improve, and that is ia the quality of
rails manufactured here. ] bound TO say for the
Emalih rails that they stand the wear mnch better
than those rade here. 1 have seen Amercon rail
which had been laid less than five years. which were
badly Eliminated and broken ut the edges IL Is true
that the traiHc had been heavy, but English rail-
would not have been anywhere near as badly worn in
that time
Railroad men looking aghast at the reports
drouih from the West. NJ. T.. Ingalls,, of Cincinnati,
who the head oil of the largest lines running
out OF Queen City. said " If the corn crop is
injured II will make serious difference IN the railroad
world I Tor good corn crop than Tor oil
the Wall street inaniPulAtions' although my road
c. rr1es very little corn"
Bankers and railroad managers have come to look
on Wall Street with less and less fear from year to
year "a they have found that banks and railroads
be run right along without disturbance simply by
keeping out OF the maelstrom. A. c. Cheney OF the
Garfield National Bank, remarked the other day Ii
was given the Controller OF the Cur rency that
his reason Tor changing the chcf bank examiner
that he wanted man in that position who could
tell him what was going TO happen III the financial
world. lie meant by that what was going TO happen
in Wall Street. Well. man can tell that. When
three or tour have such control OF the speculative
lido that thoy make it cbb doS "a they please,
no bank official tell what they will do Mach less
can he tell when panic - inPend ~. panic never
happen. when 1t 10 expected Ii Id an unexpected turn
OF events that makes paHes. 1t every body Is antci-
pating anic and gets ready Tor It. that ends the
prospect OF psnc. IL cannot happen Under those
circumstances Last summer We felt the paise some
what through the tact that our customers came rush
ing bank make loans for their business TWO
aud three months ahead. They were impressed With
the idea that there going To be n stringency OF
the money market and wanted to prepare Tor It,
Well, made all the oans asked. got our interest
aud vet kept the money In our vaults IL was not
used but lett deposit the credit OF the different
customers who had been iorchanded in preparing
for n panic which did rot arrive. There are no ex-
perts sufficiently alert to determine in advance the be-
ginning OF n panic
One of the men who associated with Ex-Governor
Charles Foster, OF Ohio in the development OF the
natural gas field in tho northwestern part OF that
State IA Colonel W. c. Lemert. Tho Colonel was one
of the projectors OF the railroads by which the Hook
ing Valley and Sunday Creek coal and iron helds In
central Ohio we're developed. lie gave yesterday
some idea OF the operations In this gas field. saying
.mong other things 1" We have directed our efforts
toward the supplying OF four cties-Fostora. Ere
mont Tim and Toledo. The plant OF mains Is en-
trely completed Mt FOstorla and about hall hnishcd
in Fremont and Ti1n. The operations In Ioledo are
now we'll under way. In the four cities there are
probably 10000 TO 40, 900 people. We have
but in so far about So 900, 900 of capital and half
million more will be required Twothrds OF TINS
have come from the East 1t Is all put In on the same
basis There are bonds and no loans III ID al
nure business investment. 1t will be Impossible to
saw until we have gone through winters experience
exactly what the will be- IL Is IN winter that
the heavy drafts ill be made on the supply. DE-
ieye that the income vii reach $500, 700 to$SOO,oOO
the first year after the system ID completed ana IL
will increase yearly after thaI
An odd-ookng man ia Colonel U. L. Boyce OF Viz
pinis who is frequently seen in and around Wail-st
He was the chet spirit in organizing two Virginia rail-
roads and mas recently acted ono OF tho agents OF
Henry s. Ives in the railroad deals that centred ~
Cincinnati and involved the Baltimore and ONO ana
the Cincinnati Hamilton and Dayton roads lhe
Colonel has long, gray side whlskers, somewhat I'M
kermit He dresses usually in black. with small
trimmed black SLOUGH hat He Is untidv In his general
appearance hut has the nervous and active move
ments OF OF business force His career mas peen
angular He was originally from !kentucky out dur
ing the war turned up In Missouri as bushwhacker'
Az the close of the war he found himself stranded In
Kansas City, where no once expressed H. helther
aide wanted hun and he concluded either side might
bang him at night He concluded that he had better
iaays that art OF the country He East to Vir
g,ae where he married the daughter of wealthy.
Citizen OF Virginia named Tuar, who had great farm
In the Shenandoah Valley witch was known as
Tulares This farm has since come into the Coioneis
no,sesson and Is Of the finest III the state. no
Colonel il said to be born specuieor ana 10 nave
into the possession of considerable wealth. Since
BE- entered upon his career OF railroad organizer ana
builder.
,us,.ht,g n Glass with Her.-Mrs. Blinker-" You
ace I can't get ON without my glasses Mr. sawney"
Mr. sawney-" So l see. But 1 don't plano s 1,
7 don't believe I'm your blue ribbon people" But
when she explained she was referring 10 hef pihee